As posted earlier on my twitter page and here : http://mcapitalmarkets.blogspot.com/2011/06/usdx-and-pairs-update.html , the due flag breakouts did occur as expected:
GBPUSD: Took the fastest fall as its weekly average range was rather small til the first part of european session. Is probably done for the day as its average daily range has been exceeded by some 30+ %. Changed the weekly and the monthly main move to DOWN today as expected and posted earlier. We are approaching the original neckline of the H&S formation. Stay sharp.
EURUSD: Kept on falling with this breakout. Main move of the month is still UP, however, will be taken out soon. 1.4364 seems to be a first logical target for this pair. Still some room to go down during NY session.
USDCHF: Also continuing its correctional path. Main move of the month is still down. However, it will be taken out and changed to UP sooner than later. A second entry opportunity was present at pullback (intraday).
AUDUSD: Changed its main move (WEEK/MONTH) to DOWN yesterday. Breakout made a pullback which provided a second chance for an entry for those who missed the initial break.
I will post charts on these later on.
Cheers and happy trading.
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